FETC Retail Insurance Qualification (49835)

The Retail Insurance Qualification is offered as an online learning programme on our eLearning portal, and learning will be mainly through self-study.

 Tutorial sessions on the video-conferencing platform, Zoom are regularly held to support learners with the completion of assignments and for exam preparation.

Voice recordings are provided on the eLearning platform that covers the most important aspect of every unit standard.

The FETC Retail Insurance Qualification is one of the recognized qualifications on the Financial Sector Conduct Authority (FSCA) list for Category 1 Financial Services Providers (FSP’s) and is one of the preferred qualifications for Finance and Insurance agents (F&I’s) in a motor dealership who must comply with the FAIS Fit and Proper requirements.

Assessments consists of a combination of informal activities, eLearning assessments, formal written assignments and final summative assessments in the form of a sit-down, closed-book, invigilated exam.

• Informal assessments consist of interactive activities including multiple-choice, true/false, drag the words, and fill in the blanks activities as well as memory games.
• Formative Assessment 1 (FA1) is an eLearning assessment that covers lower-level cognitive skills and tests theoretical knowledge at the end of each unit standard.
• Formative Assessment 2 (FA2) is a written assignment that covers higher order thinking skills such as application, analyses, evaluation, and creation. It may include short and long questions, reports, essays, data matching, case studies, and workplace scenarios.
• The Final Integrated Summative Assessment (FISA) is a closed book, invigilated, sit-down examination that covers integrated questions based on the outcomes for the unit standard. It consists of a combination of knowledge, comprehension, application, and analysis questions.

Learners must complete all informal assessments and formative assessments, and be deemed competent before writing the FISA.

Learners are expected to have Communication and Mathematical Literacy skills at NQF Level 3 and the Level 2 Unit Standard Investigate credit in own circumstances.

Those who did not complete Mathematics, English, and a Second Language in Grade 12 must complete the relevant unit standards as part of the qualification.

The Level 2 Unit Standard Investigate credit in own circumstances is included in the FAIS Forward Academy Retail Insurance Programme.

FAIS Forward Academy is not accredited to formally recognise prior learning, but all previously completed unit standards that form part of the full qualification, will be considered.

Application to Inseta to recognise fundamentals which includes Mathematics and/or English, and/or a Second African Language, will be part of the Inseta Verification process.

Learners must complete each skills programme within a 6-month period and the full qualification within 18 months from date of registration. Failure to do so will result in additional fees for re-registration.

• Representatives in the financial services and motor dealer industries have six years to complete a qualification recognized by the FSCA for the product categories in which they operate.
• Upon successful verification of the e-Portfolio of Evidence, INSETA issues the learner with a Statement of Results or a certificate for the full qualification.
• A Statement of Results indicates the competency per unit standard achieved and is issued after an endorsed INSETA verification.
• In special circumstances, a provisional Statement of Results subject to moderation and INSETA verification will be issued.
• After successful completion of all the skills programmes for the qualification, learners will receive a full qualification certificate from INSETA.